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W. P. Carey & Co. To Release First Quarter 2004 Financial Results on Thursday, April 29th

Conference Call and Audio Webcast Scheduled For 11:00 AM

March 31, 2004

NEW YORK, NY – March 31, 2004 – Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it will release its financial results for the first quarter 2004 prior to market-open on Thursday, April 29, 2004. The financial results will be released via direct fax, FirstCall, electronic mail, W. P. Carey’s corporate website and all major wire services.

Date: Thursday, April 29, 2004

Start Time: 11:00 AM (EST) 

Call-in Number: 1-800-915-4836
(International) 973-317-5319

Please call at least 10 minutes prior to call to register.

Replay Number: 1-800-428-6051
(International) 973-709-2089

Access code:  343280

WebcastARCHIVED

Speakers: Chairman Wm. Polk Carey, President Gordon F. DuGan and Chief Financial Officer John J. Park

Format:  Discussion of first quarter 2004 financial results followed by Q&A.

Founded in 1973, W. P. Carey & Co. is a leading global investment firm that has long served as the preeminent provider of sale-leaseback financing to corporations and private equity firms in the United States and Europe. It owns a portfolio of net-leased real estate assets and provides asset management services to the Corporate Property Associates (CPA®) series of income generating, publicly held non-traded real estate investment trusts (REITs). The Company currently owns and/or manages more than 600 commercial and industrial properties worldwide, representing more than 80 million square feet, valued at more than
$6 billion.

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